Pennsylvania Statutes Title 72 P.S. Taxation and Fiscal Affairs § 8805-H. Departmental duties

(1) Share information with the Secretary of Revenue to the extent necessary to administer provisions under this article and Article III.  1

(2) Annually notify the Secretary of Revenue of approval and certification or recertification of beginning farmers and owners of agricultural assets under this section.  For tax credits under section 1803-H,  2 the notification must include the amount of tax credit approved by the department and stated on the tax credit certificate.

(1) For tax credits for owners of agricultural assets allowed under section 1803-H, the department may allocate no more than $5,000,000 for the taxable year beginning after December 31, 2019, and may allocate no more than $6,000,000 for the taxable years beginning after December 31, 2020.

(2) The department shall allocate tax credits on a first-come, first-served basis beginning on January 1 of each year, except that recertifications for the second and third years of tax credits under section 1803-H(a)(1) and (2) have first priority.  Any amount authorized but not allocated in any taxable year does not cancel and is added to the allocation for the next taxable year.